NEW EMPLOYEE ORIENTATION
Wharton Human Resources Don Huesman/ Innovation Group
The History & Mission of the Wharton School
New Employee Orientation WHARTON’S MISSION
Joseph Wharton PENN’S MISSION: THE AMERICAN EXPERIMENT
Joseph Wharton
“to impart a liberal education in all matters concerning finance and economy." PRACTICE & THE ACADEMY
Henry Carey Robert Thompson Prof. Albert Bolles
Frederick Taylor Edmund James Director, Wharton School Of Finance & Economy PENN’S UNDERGRADUATE CLASS OF 1884
Among the class of 1884, the first five Wharton graduates, Shiro Shiba, future member of Japanese Diet and Robert Adams, US Congressman and future
US Ambassador to Brazil 6 WHARTON’S MEN
“(Our students should be) of superior inheritance or promise, either of money, of vigor, of health, of mental equipment, or of family, social or political influence [who would be] more apt to be given or to secure positions of executive responsibility in later life than those without these advantages” THE “PROGRESSIVE” FACULTY & ACADEMIC FREEDOM THE BUSINESS PROFESSIONS AFTER “THE GREAT WAR”
Solomon Huebner, Emory Johnson, life Insurance and transportation research, human capital theory and the Panama Canal.
Edward Mead, accounting and the CPA A PASSION FOR DATA
Professor Joseph Willets, creates first business school research center – Industrial Research Unit 1921.
Paul Green, reinvents market research with conjoint analysis, 1960’s. Simon Kuznets, Nobel recipient, statistical measures of economic activity, GDP
Lawrence Klein, Nobel prize for work on econometrics, 1980. RESEARCH CENTERS A DIVERSITY OF VOICES
W.E.B. Dubois, Wharton fellowship, 1899, documents conditions of urban blacks.
Frances Perkins, Wharton alumna, FDR’s Secretary of Labor & first female US Cabinet member, 1932
Dorothy Swain Thomas, first female Wharton professor, 1946 LOGAN HALL
13 DIETRICH HALL, 1952 – VANCE HALL,
14 WHARTON TODAY
15 KNOWLEDGE FOR ACTION
endoscopic surgery in vitro fertilization nursing the teaching hospital the vet school dental the American Medical Association positron emission tomography
collective bargaining
econometrics GDP decision science the business school life insurance business ethics curriculum arts & sciences conjoint analysis engineering design communications the general-purpose bioengineering electronic computer the law school public policy the US Presidency education THE AMERICAN EXPERIMENT:
NOW IT BELONGS TO THE WORLD
More than 4,800 undergraduate, MBA, Exec. MBA and Ph.D students from over 100 countries
10,000+ Exec Ed annual participants
90,000+ alumni in 145 countries
250 standing and associate faculty
600+ regular full/part-time staff KNOWLEDGE FOR GLOBAL IMPACT
What I see so vividly now is the unparalleled breadth and depth of world-leading talent at Wharton—among our faculty and staff, students and alumni—coupled with an innate and unique entrepreneurialism in the DNA of the place and everyone associated with it. October 27, 2014
6/21/ 18 2016 MBA Program An Introduction Maryellen Reilly Deputy Vice Dean, MBA Career Management, Admissions & Financial Aid Organizational Chart
Howard Kaufold Vice Dean
Suzanne Kauffman DePuyt Sr. Director, Strategic Initiatives & Communications
Jeff Klein Stephan Kembrel Jones, Maryellen Reilly Lisa Warshaw Dieckmann, Executive Deputy Vice Dean Deputy Vice Dean Deputy Vice Dean Director, Wharton Director, McNulty Communication Leadership Academic Affairs Student Life MBA Career Management, Program Program Admissions & dual report to Financial Aid Mike Useem, Management Dept. MBA Program Experience
• Attracting and enrolling students with highest promise and potential • Supporting students in gaining experiences and knowledge to thrive in a complex and changing world • Graduating leaders who have the ability and drive to make an impact Developing Leaders in Business
Undergraduate Wharton Life Cycle MBA 515 in incoming class Arrival 855 in incoming class ~18 years age, potential ~28 years age, work experience Penn admissions Wharton admissions 4 Years Life at Wharton 2 Years 2,500 undergrads (10,000 Penn) 1,700 MBAs • 41% women • 41%13% Women dual degrees in MBA • 87 countries • 75 Countries29% dual degrees in UG • 30% dual degree • 13% dual degree Fixed core/liberal arts Fixed and flexible core 20+ concentrations 18 majors Wharton advising Wharton advising Wharton & Penn student organizations Wharton student organizations 642 graduates Departure 831 graduates 92% employed + 3% grad school 95% employed Penn Career Services Wharton Career Management
Note: Incoming class and graduating student numbers are from 2015. MBA Student Body
1,708 MBA students (Classes of 2016 & 2017) • 41% women • 31% non-US citizens/residents (75 countries represented) • 13% dual degree
Class of 2015 • 855 Graduates • 42% women • 34% non-US citizens/residents • 12% dual degree • Majors: 37% Finance, 30%Management, 23%Entrepreneurial Management, 17%Marketing and Operations, 7%Strategic Management
Name of Presentation MBA Class of 2017: Profile
Application Volume 6,590 Previous Industry Experience Class Size 861 Consulting 23% Female 43% Private Equity/Venture Capital 10% International Students 32% Investment Banking 11% Countries Represented (including those with dual Government/Military/Non-profit 11% citizenships): 73 Consumer Products/ 10% Retail/Healthcare/Energy US Students of Color 30% Mean years of work 5 years Other Financial Services 7% experience: Technology/Internet/ 6% Work experience range: 0-16 years Ecommerce Mean GMAT overall score: 732 Investment Management 6%
GMAT Middle 80% range: 700-770 Real Estate 2% Other 10%
Undergraduate Majors Humanities/Social Science/Economics 42% Business 29% STEM (Science, Technology, Engineering, 25% Math) Other 4% Full-Time Employment Statistics 2015* 2014 Job Search Status of Students Seeking Employment Offers Accepted By Industry n % n % 26.4% Consulting 25.9% Investment Banking 14.0% RECEIVED offer 613 98.2% 599 98.2% 14.2% 11.5% Technology… 13.7% Investment… 10.3% 10.3% ACCEPTED offer 591 95.2% 586 96.1% Private… 9.3% 2015 9.0% 2014 7.5% Consumer… 7.5% Starting 6.1% Business/Self- 34 55 Heathcare 5.8% Employed 4.7% Other 3.8% Accepted Offers by Location 3.1% Real Estate 2.2% United States 84.0% 80.6% 2.2% Media &… 2.4% International 16.0% 19.4% 1.9% Social Impact 1.9% Compensation 1.7% Median Base Manufacturing 1.9% $125,000 $125,000 Salary 1.2% Energy 1.7% Median Sign-on $25,000 $25,000 Bonus 0.0% 10.0% 20.0% 30.0% * Preliminary% of Students stats as of 9/14/15 MBA YOY Full-Time Employment Statistics Offers Accepted By Industry 26.3% Consulting 29.1% 2015 2010 2005 26.1% Students 14.0% Investment Banking 20.6% seeking 22.2% employment 11.3% with an 98% 88% 94% Technology Industries 5.6% 6.1% offer: Inv. Mgmt/Hedge 10.5% 8.0% Students Funds 9.0% seeking Private Equity/Venture 9.3% employment 7.8% accepted an 95% 86% 93% Capital 7.6% offer: Consumer 7.4% 5.8% Full-Time Offers Accepted by Location Goods/Retail 5.6% 6.1% United States 85% 76% 83% Heathcare 7.0% 6.7% 2015 4.8% International 16% 24% 16% Other 4.9% 2010 6.1% Median Full-Time Compensation 2005 3.0% Real Estate 2.7% Median Base 3.5% Salary $125,000 $110,000 $100,000 2.5% (annual) Media & Entertainment 2.0% 1.9% Median Sign- $25,000 $20,000 $20,000 2.0% on Bonus Social Impact 1.7% 1.1% Not Seeking Employment 1.7% Manufacturing 2.4% Starting 36 30 9 2.4% Business 1.2% Energy 2.0% Sponsored 95 61 23 0.8% 0.0% 10.0%20.0%30.0%40.0% % of Students WG16 Career Preference by Geography
Global Preferences Preference within U.S. Middle South Other Southe Midwes Southw Europe East/AfrAmerica 1% ast t est 3% ica 2% 2% 2% 2% Asia 2% 6%
West Coast 23% Northea st 46% North Americ a 86% No Prefere nce 25% MBA Placement
Top Five Industries 2005 2010 2015 Employed (accepted 26.1% 93% 86% 95% Consulting 29.1% offer) 26.3% Median Full-Time Compensation
22.2% Median Base Salary $100,000 $110,000 $125,000 Investment Banking 20.6% (annual) 14.0% Median Sign-on Bonus $20,000 $20,000 $25,000 6.1% Technology Industries 5.6% 11.3% Class of 2015 Top MBA Majors: 9.0% Inv. Mgmt/Hedge Funds 8.0% • 37% Finance 10.5% • 30% Management Private Equity/Venture 7.6% 7.8% • 23% Entrepreneurial Management Capital 9.3% • 17% Marketing and Operations 0.0%5.0%10.0%15.0%20.0%25.0%30.0%35.0% • 7% Strategic Management % of Students 2005 2010
MBA Program Follow Wharton on Social Media to learn more!
KNOWLEDGE FOR ACTION New Employee Orientation Additional Slides from Overseers Meeting
Name of Presentation MBA YOY Full-Time Employment Statistics 2015 2010 Offers Accepted By Industry Students 26.3% seeking Consulting 29.1% employment 98% 88% Investment… 14.0% with an offer: 20.6% 11.3% Students Technology… 5.6% seeking 10.5% employment Inv.… 8.0% accepted an 95% 86% 9.3% offer: Private… 7.8% Full-Time Offers Accepted by Location 7.4% Consumer… 5.8% United States 85% 76% 6.1% Heathcare 7.0% International 16% 24% Other 4.8% 2015 Median Full-Time Compensation 4.9% 2010 Real Estate 3.0% Median Base 2.7% $125,000 $110,000 Salary (annual) 2.5% Media &… 2.0% Median Sign-on $25,000 $20,000 2.0% Bonus Social Impact 1.7% 1.7% Not Seeking Employment Manufacturing 2.4% Starting 1.2% 36 30 Energy 2.0% Business
Sponsored 95 61 0.0%10.0%20.0%30.0%40.0% % of Students
Undergraduate Division
Lori Rosenkopf Vice Dean & Director, Wharton Undergraduate Division Simon and Midge Palley Professor Business and More
• 4-year integrated business and arts & sciences curriculum • 40% of the degree requirements are taken outside of Wharton • 20+ business concentrations • Interdisciplinary study, including coordinated dual-degree programs • Teamwork and leadership development
Undergraduate Division Undergrad Facts and Figures
2,400 Wharton undergraduates 40% female 21% international 30% pursue more than one degree (College, Engineering, Nursing) 19% pursue a minor 25% study abroad 9 cohorts 45+ student clubs
Undergraduate Division UNDERGRADUATE DIVISION
Lori Rosenkopf Vice Dean
Jonathan Katzenbach Managing Director
Scott Romeika Lee Kramer Director Director Academic Affairs Student Life/ & Advising WIP/WIEP
Michael Frank De Francis Bethany Schell Meredith Stone Lindy Black- Sr. Associate Teran Tadal Business Program Margida Colligan Director Associate Director Administrator Coordinator Sr. Assoc. Director Associate Director Communications Academic Affairs Student Life
Melissa Rumley Charles Price Administrative Bernadette Butler Alissa Carpenter Jenna Tesauro Financial Admin. Administrative Coordinator Administrative Associate Director Coordinator Sr. Assoc. Director, Coordinator Assistant Advising Student Life
Utsav Schurmans Maher Zerkani Administrative Sr. Assoc. Director, Graduate Financial Admin. Assistant Research & Coordinator Assistant Scholars
Student Asst. Ufuoma Abiola Student Asst. Associate Director
Kendal Barbee Associate Director
Elizabeth Sutton Associate Director
Undergraduate Division Admissions, Communications, Finance, Operations
Jonathan Katzenbach, Managing Director Liaison with Office of Undergraduate Admissions Quaker Days for admitted students Communications Financial and administrative support Special programs (Senior Capstone, pre-college programs)
Undergraduate Division Academic Affairs and Advising
Scott Romeika, Director Academic advising Academic standing Curricular enhancement Research and scholars programs
Undergraduate Division Student Life and Wharton International & Industry Exploration Programs
Lee Kramer, Director Lunch & Learn: Take Your Professor to Lunch Clubs, cohorts, class-year events Wharton International Program Wharton Industry Exploration Program Career Exploration Series Student-alumni engagement
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Undergraduate Division
Wharton Computing
Dan Alig, CIO Agenda
• ORGANIZATION OVERVIEW • CURRENT PROJECTS • COMPUTING SECURITY
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Wharton Computing Organization
43
Wharton Computing Wharton Computing
Client Technology Dave Comroe
Distributed Representatives • Nancy Golumbia Communications • Tony Kutovoy Scott McNulty • Liza Law • Stan Liu • Alex Milne • John Singler
Wharton Computing Enterprise Research & Solutions Analytics Joe Cruz Alec Lamon
Executive Instructional Education Technology Olaino Hardaway David Siedell
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Wharton Computing Wharton Computing
Client Technology Dave Comroe
Distributed Representatives • Nancy Golumbia Communications • Tony Kutovoy Scott McNulty • Liza Law • Stan Liu • Alex Milne • John Singler
Wharton Computing Enterprise Research & Solutions Analytics Joe Cruz Alec Lamon
Executive Instructional Education Technology Olaino Hardaway David Siedell
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Wharton Computing Academic Departmental Representatives
https://inside.wharton.upenn.edu/faculty/distributedreps.shtml 46
Wharton Computing Administrative Departmental Representatives
https://inside.wharton.upenn.edu/staff/ 47
Wharton Computing Communications
http://technology.wharton.upenn.edu 48
Wharton Computing Enterprise Solutions
49
Wharton Computing Instructional Technology
50
Wharton Computing Research IT Services Dissemination Services Consulting Services
• Knowledge@Wharton • Code optimization • Knowledge Now • Statistical help Define • Elastic architectures • Faculty CMS problem/ • SSRN/ResearchGate question • Code reviews • Security expertise
Design Publish the results Research research Process Analysis Services Acquisition Services • HPC cluster Analyze Collect • Mozenda data data • Cloud bursting • Behavioral Lab • Storage/tools • Dataset acquisition • Programming and tracking • Qualtrics/mTurk [email protected] 51
Wharton Computing Executive Education
http://wrds.wharton.upenn.edu 52
Wharton Computing Current Projects Office 365 • Outlook.com • University-wide • ProPlus Download!
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Wharton Computing Virtual Meetings
http://meeting.wharton.upenn.edu 55
Wharton Computing 56
Wharton Computing 57
Wharton Computing Security
Top Three things to be aware of… Use good • Use unique passwords for all passwords your accounts • Don’t tell anyone your password • Change your passwords regularly • Use a combination of letters, numbers, and special characters
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Wharton Computing Be careful with sensitive data
• Be aware of what sensitive data you work with. • Store it on a central server. • Back it up. • Encrypt it.
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Wharton Computing Phishing signs
• Poor wording • Asks for your password • Verify URL in your browser • Check the Sender
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Wharton Computing Bonus Security Tip
Because we care… Don’t download copyrighted materials
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Wharton Computing
UNDERSTANDING WHARTON’S FINANCIALS Sources of Funds FY15
Sponsored Research WRDS 3% 4%
Endowment Inc. & Gifts 23% Tuition & Fees 55%
Executive Education 15% Uses of Funds FY15
Capital Projects 3%
Central Services 12%
Student Aid Comp/Benefits 10% 48%
Current Expense 27% Endowment
FMV of Endowment $1,300 $1,289 $1,200 $1,159 $1,029 $1,100 $915 $1,000 $888 $900 $761 $752 $800 $747 $607
Millions $656 $700 $533 $600 $478 $500 $406 $376 $387 $400
$300 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Endowment
Wharton's Endowment at June 30, 2015 - $1.29 Billion
Research Programs 36% Endowed Professorships 37%
Harvard Business School Endowment: $3.0 Billion (est.) Student Aid 27% Stanford Graduate School of Business Endowment: $1.36 Billion (est.) Standing Faculty
235 230 230 229 229 227
225
220 219 217
215 212 211 210 210 206 205
200
195
190 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 Staff Headcount
687
672
634
608
589 590
FY10 FY11 FY12 FY13 FY14 FY15 Capital Expenditures
$20.0 $18.9
$18.0
$16.0 $14.6 $14.5 $14.0 $13.0 $13.0 $11.9 $12.0 $10.1 $10.0
Millions $7.7 $8.0 $6.3 $6.0 $3.7 $4.0
$2.0
$0.0 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 Major Capital Projects Completed or Planned Since FY11 • SH-DH Café, Basement Hallway & First Floor $6.2 million • Vance Hall 1st & 2nd Floor $4.7 million • SH-DH 4 Story Addition & Classrooms 350 & 351 $18.5 million • Penn/China Center $6.3 million • 2401 Walnut Street $1.5 million • WEMBA Relocation $2.2 million • SHDH Air Handler Replacement $2.7 million • JMHH Classroom Renovations $5.6 million • SCC Guest Rooms $2.8 million • SHDH First Floor $2.5 million • SHDH HVAC $2.5 million • SHDH Atrium & 1st Floor Classrooms $2.0 million • M&T Building $7.5 million • Overbuild behind SHDH $45.0 million Key Challenges/Opportunities
• The space issues of the school continue to be a challenge. We have very little usable space left for faculty or staff. This will continue to require additional investments in existing buildings, use of more external rental space, and reorganization of existing space at additional cost. The SHDH Tower was built to alleviate space and classroom needs, but is already full. • New educational opportunities such as Semester in San Francisco, Global Modular courses, Social impact programs and Leadership initiatives have added only costs for the school not new revenue. • External Affairs had an excellent FY15 and is poised for success in FY16 as well. • Executive Education’s revenue and margin growth stalled over the last few years. The new management team is tasked with re-launching the business and growing its revenues and margins. The School is dependent upon the contribution from Exec Ed to fund initiatives and research. • The opening of a Penn/Wharton China Center in Beijing has generated large donations while still presenting operational and financial challenges for the School. The Public Policy Initiative, On-line Learning, Knowledge@Wharton, and our Innovation group continue to spread the Wharton brand around the globe.